The Shubert Organization Acquires Property At 22903 Lyden Dr Estero For $7.19M From Brightwork Real Estate
22903 Lyden Dr, Estero, FL, 33928
$7,190,000
$590/SF
Building Size
12,174 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property located at 22903 Lyden Dr, Estero, FL, 33928, was sold for $7,190,000.00. This asset features a total square footage of 12,174 and is situated in the Estero market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,190,000.00
- Address: 22903 Lyden Dr, Estero, FL, 33928
- Market: Estero
- Seller: Brightwork Real Estate
- Buyer: The Shubert Organization
- Seller's Representative: Doug Aronson - Calkain Co.
This transaction involved notable parties including the seller, Brightwork Real Estate, and the buyer, The Shubert Organization. Doug Aronson from Calkain Co. represented the seller in this deal, facilitating the process for Brightwork Real Estate.
Players
Estero Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.21%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93